I've written about the need to encourage more people who could be great founders to start companies, but just as important is encouraging more investors.
Previous thread on founders:
Why do we need more investors?
Thread 👇
Previous thread on founders:
Why do we need more investors?
Thread 👇
Schramm's law: The most important contributor to a nation’s economic growth is the number of start-ups that grow to a billion dollars in revenue within 20 yrs.
This requires more $, more founders, & more investors.
Ideally the VCs aren't the same ppl who'd make great founders!
This requires more $, more founders, & more investors.
Ideally the VCs aren't the same ppl who'd make great founders!
To be clear, there is a lot of VC capital now, but it's concentrated within specific people at specific firms in specific geographies. It'd be more effective if it were a lot more distributed.
VCs resist this b/c the more capital there is, the more competition there is, which is worse for them, but better for the ecosystem (re: overall innovation)
They use the logic that some founders raise too much $ and flame out, but this is a red herring in terms of Schramm's law
They use the logic that some founders raise too much $ and flame out, but this is a red herring in terms of Schramm's law
@villageglobal and other firms have scout programs where founders and angels can get more money to invest into companies.
See this FAQ here to learn more about how different programs work:
medium.com/village-global…
See this FAQ here to learn more about how different programs work:
medium.com/village-global…
More thoughts on the different paths to getting into investing as well as the importance of starting sooner because of the long feedback cycles:
